Drew Marine acquires Ocean Signal

Ocean Signal Managing Director Alan Wrigley (left) and Michael Wilkerson, Mergers and Acquisitions, ACR Electronics Ocean Signal Managing Director Alan Wrigley (left) and Michael Wilkerson, Mergers and Acquisitions, ACR Electronics

MAY 1, 2015 —Margate, Kent, U.K. headquartered marine communications and safety equipment specialist Ocean Signal Ltd has been acquired by Drew Marine Ltd., Whippany, NJ. It will operate as a unit of Drew Marine subsidiary ACR Electronics, Inc. (ACR), Fort Lauderdale, FL, a leader in safety and survival technologies.

"This is an exciting time for Ocean Signal and ACR," said Ocean Signal Managing Director Alan Wrigley. "This combination will allow Ocean Signal to expand its capabilities and together we will redefine safety and survival technology in order to save more lives around the world – which is the objective we are all working towards."

Founded in 2008, research and development-based Ocean Signal recently launched the award-winning rescueME MOB1 and rescueME EDF1 Electronic Distress Flare to add to its established portfolio of rescueME and SafeSea products.

The combined ACR and Ocean Signal brands now offer a full range of Emergency Position Indicating Radio Beacons, Personal Locator Beacons, Search and Rescue Transponders, AIS Man Overboard Beacons, VHF radios, Searchlights, rescue strobe lights, pyrotechnics and safety accessories.

"Ocean Signal has pioneered a number of innovations in marine safety," said Gerry Angeli, President of ACR Electronics. "Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. Like ACR, Ocean Signal is known for reliable products that perform in the worst conditions the first time, every time and we are excited to add them to our team."

"Ocean Signal brings a strong array of product and technology to Drew Marine. We look forward to growing Ocean Signal and supporting their new product initiatives. Like ACR, Ocean Signal is known for reliable products that perform in the worst conditions the first time, every time. Together the companies offer a full range of Emergency Position Indicating Radio Beacons, Personal Locator Beacons, Search and Rescue Transponders, AIS Man Overboard Beacons, VHF radios, Searchlights, rescue strobe lights, pyrotechnics, and safety accessories. We are excited to add Ocean Signal to our team," said Len Gelosa, Drew Marine's Chief Executive Officer and President.

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